Composition scheme is a convenient way for small businesses to pay their taxes under GST. As per this scheme, no input tax is available to composite dealers. However, they have to pay output tax at fixed rate of their turnover. Instead of monthly returns, composite dealers need to file quarterly returns, and annual return. A. I Read more about Composition Scheme under GST[…]
The due date for filing GSTR-3B for every month is on the 20th of the subsequent month. For Nov. 2017, the due date is 20th Dec. 2017. We have made four key enhancements in Tally.ERP 9 Release 6.3. 1) Export GSTR-3B in JSON format You can now directly export GSTR-3B form in JSON format from Read more about Release Notes for Tally.ERP 9 Release 6.3[…]
The taxpayers whose aggregate turnover during preceding financial year exceeded Rs. 1.5 Cr or the new registrants who estimate their turnover to exceed Rs. 1.5 Cr during current financial year, have to file return on monthly basis. Filing of GSTR-1 for the tax period of August, 2017 and onwards is likely to commence soon. In Read more about Advisory to taxpayers liable to file GSTR-1[…]
Way to go Boys!